Roundup: Vietnam's Hanoi stock market fails to keep upward trend

Vietnam's capital Hanoi stock market failed to keep the upward trend during the week after reviving from a six-week fall.

Compared to the final session on last Friday, the HNX-Index, the benchmark of the Hanoi Stock Exchange, lost 1.95 points or 2. 49 percent.

On Friday, the HNX-Index closed at 76.32 points, down 0.26 points, or 0.33 percent, against the previous trading session.

The Hanoi bourse traded for only four days during the week. It closed on Wednesday for National Day.

During the four-day trading week, the index witnessed one up and four downs, fluctuating between 76.32 points and 77.04 points.

In comparison, in the previous week, the HNX-Index ranged between 73.09 points and 78.27 points.

On Friday, a total of some 36.395 million shares worth around 386.150 billion Vietnamese dong (17.71 million U.S. dollars) were traded, a decrease of 28.87 percent in volume and 29.41 percent in value against the previous trading session.

Prices of 79 stocks went up, 70 stocks fell down, while 72 stocks remained unchanged.

Foreign investors continued their buying trend but the volume bought was fewer than the previous week.

During this week, foreign investors bought over 7.799 million shares while sold over 4.054 million shares. In the previous trading week, they bought nearly 14.005 million shares while sold over 10.171 million shares.

The market risks are forecast to increase as the index broke the level of 76.5 points, the bottom level in May.

Data shows that the buying trend will continue, and investors are warned to stay cautious if there are any signs of a new selling trend.

However, investors are also recommended to take advantages of the adjustments to increase the proportion of shares.

Compared to the last trading session in 2014, as of Friday, the HNX-Index has decreased by 6.66 points, or 8.03 percent. Endi